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of the people but also of the french people. >> following that speech for us was our correspondent who explains now why president hollande avoided a more specific apology. >> it seems as though he is taking the route of truth than apologies or using the word sorry, because that would be very difficult for french people to swallow because after all suffering. these were people whose parents, grandparents, and great grandparents were born in algeria. president hollande would have alienated all those people and not done justice to their memories or their suffering if he came out with a one-sided apology. what he did do was in clear, unequivocal terms acknowledging the crimes of the past. >> it is about as gloomy as a prediction that could have been made about syria. >> we do not see any prospect of any end of violence or political dialogue to start. >> he also said he is worried about atrocities being committed by both sides then theya uninvestigation has found rebel fighters. the secretary expressed support. this video is said to show rebels detaining fighters in a refugee camp. these pictures ar
of the key city aleppo. some rebels named by the u.s. state department terrorists. they designated a terrorist group linked to al qaeda in iraq. the department imposed sanctions. what does it mean to sort out good rebels from bad? nick paton walsh explains. >> reporter: not only look different, black flags, well armed and disciplined, they fight differently, too. using suicide tactics and mass casualty car bombs, radical extremists but undeniably effective. behind a stream of rebel victories, overrunning regime bases across syria, many thinking the end of assad is nearer than ever. why has the united states, who also want assad gone, black listed them as terrorists? >> we've had concerns that al nusra is little more than a front for al qaeda in iraq who has moved some of its operations into syria. >> reporter: that link clear in the document filed monday, al nusra deemed not a new group, another name for al qaeda in iraq. u.s. officials believing insurgents who kill americans in iraq fighting for rebels against assad. this move may make sense in principle but, say experts now, less
you in, harris. thank you for joining us. "america live" starts right now. >> fox news extreme weather alert on the deadly storm that has caused major problems from texas to the northeast the storm is now blamed for a total of 15 deaths. whipping up tornados in the south, strong winds and rain along the atlantic coastline and dumping heavy snow from the plains to new england. the northeast getting hammered today. some areas are seeing more than a foot of snow while others deal with a heavy wind-swept rain leading to big airport delays in ohio, more than a thousand trucks are sent out, some getting heavy police escort as winds cause zero visibility. drivers say the situation is awful. >> i have seen 10 cars in an accident. i have saw a lexus fly into a ditch. i saw a semi-truck jackknife. all kinds of stuff. >> i have lost count of the number of cars i've seen in the ditch. i saw a jackknifed tractor-trailer. i saw a horse trailer that was turned over. so i think people are just not really driving slow enough for the conditions. >> pretty rough. we've seen a lot of accidents thus far in
, but accurate thomas of abuse in the second panel will tell us the exact same thing that it's moving smoothly and we have no strong need for concerns. but which case he can make her happily. if not, the old adage of the host, paul hervey and now we hear the rest of the story. so with that, we'll start right off as we normally do from the left. from berkeley is a recognized and welcomed me to the panel and you are recognized for five minutes. >> thank you. good afternoon, chairman garrett and members the committee. my name is keith bailey. i am from barclays in that division. i appreciate the opportunity to testify on behalf of the institute of international bankers of the dodd-frank at in its impact on the market. the iab greatly appreciates the hard work done by regulators and congressional committees. we face the cftc in getting this right to operate on such a global basis. a test on a focus on continuing certainty of the type of seven regulations the effect it's having on the risk of the market of the implementation process is not on a more stable footing. they recognize the need for inter
is affecting your trip home for the holidays. it will be a very merry christmas for the familiar leave this u.s. marine veteran just released from one of mexico's most dangerous prisons. where he stopped off before heading home causing some concern. how about this. a short-cut to becoming a doctor, a new program being offered by one of the most prestigious medical schools in our country saving both time and money for the students, but does it skimp on training, a doctor in three years? it's all happening now. but first there is troubling news on the civil war that is raging some 21 months now in syria. the international envoy trying to help end the violence there says that he's still worried there's been no progress in the ending of the bloodshed that's claimed thousands of lives. hi, everybody, i'm jaime colby, today i'm in nor jenna lee. >> reporter: i'm kelly wright in nor jon scott. the u.n. envoy meeting face to nice with the syrian president today. while their account of that meeting was lens hopeful we are hearing now even more troubling reports the syrian army may have used a deadly poi
of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, plenty to come on. >> yes. the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to
brand joining us on the state of luxury. adam: right now it is time to check stocks. we will add to the floor of the new york stock exchange. nicole petallides standing there. we are looking to end the week which way. >> reporter: let's see. right now at 13,161, ever so slightly in positive territory. when you look at the markets, keep an eye on 13,155. that is where we ended last friday. we have been up four straight weeks several. the dow has been trending to the upside. when you talk to traders on wall street a continue to think that the rally is in place. the dow, s&p, and nasdaq gaining 45%. these last four weeks. "we are obviously looking good. you are seeing some of the names on the move here. for example, the fear indexes to the upside. names like alcoa, cisco, caterpillar, hewlett-packard are helping the dow along trying to keep the names that are helping. the weighing on the dow would be some of the stocks such as american express, merck, and exxon mobile. adam: we will check in again with you and roughly 15 minutes. thank you very much. lori: congress of for the weeken
four years because helping u.s. job creators export shouldn't be a partisan issue. over 100 bilateral trade agreements are being negotiated today as we speak here on the floor. the united states is a party to none of them. we are a party to one multilateral trade agreement which i support but we need to get back engaged in bilateral agreements to open markets for our products, our service providers. we have been sittingr hands on the sidelines in an increasingly global and dynamic economy. this is the first administration actually since f.d.r. not to ask for the ability to negotiate trade agreements using expedited procedures. and this is something unique, trade promotion authority in order to negotiate agreements. this administration has yet to even ask for it over the last four years. last year we finally passed the korea, panama and colombia export agreements. hopefully our bipartisan actions today to boost exports to russia will signal a new chapter, for us to engage as a congress and with the administration in a much more ambitious and proactive trade policy. i'm pleased this bip
and hawaii. that's he humility he showed his entire life. there was no staff there just the two of us. we talked for an hour. i would always remember -- having passed away yesterday, it will be imbedded in my mind. as we left, we both thought about fact we had not been able to sit down and talk like that enough. he professed at that time -- his words -- how lucky he has been his whole life. he said i got at emphysema now. i said, not from smoking. he said, i learn to smoke in the war as a boy. he smoked from 1944 to 1967. he told me he had lung cancer. but they were wrong. they took part of his lung out. he talked about how lucky he had been with surviving what he fought with lung can certification but how lucky he had been his while life, for example, the war. i'm sure people would not reflect on his massive injuries as being lucky. butth but he considered he was lucky to have lived. he had been called upon with three other people, three other soldiers, to cross a river in the dark of night, to find out what was going on, on the other side of the river, and he and his three companions, i
the nation's capital on this. dagen: think those photos are yours and only yours? instagram says it could use your photos in ads, if it wants to. connell: this could cost us. the next on bank account adds. dagen: nicole 5 on the new york stock exchange. nicole: this is unbelievable. we continue to get the headlines out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentia
word for it. two-thirds of the american public agrees with us but you don't need to take their word for it, either. just listen to the voices within speaker boehner's own party. there we go. a kent conrad i am not in terms of my facility with charts. it's clear that speaker boehner has needed cover from his right flank before he could agree to any deal on taxes with the president. the speaker didn't have it before, but he sure has it now. when "the wall street journal" editorial page says that decoupling would not go against conservatives' antitax principles, that gives a whole lot of cover to the speaker. when grover norquist refuses to declare whether decoupling would violate his group's pledge, that, too, gives a whole lot of cover to the speaker. and when more and more rank-and-file republicans come out publicly every day in favor of passing the senate bill, that, too, gives cover to the speaker. you really have to absolute cram tom cole. he was the first one on the other side to dare speak the truth about what should be done on taxes and he's been on tv almost every day making
it is embarrassing to compared government funding for amtrak with u.s. government funding for domestic aviation and highway speed passenger >> to build and maintain one of the best highways systems in the world, we've spent $114 billion and built it over 45 years and today it would be $126 billion. con jex on our roads are at historic levels and by 2020 urban interstates will be at or over capacity. and anyone who has had the pleasure of flying recently they know the problems that plag our nation's airport ch airports, in fact, in spite of all this amtrak carries more riders from new york to boston than all other airlines put together. 50% of people that travel this distance. and between washington d.c. and new york city, amtrak carries twice as many passengers as all airlines come bind. today it carries 75% of inner city travel letters between new york and washington. amtrak has done all this with the threat of funding cuts and privatization especially of the profitable northeast corridor hanging over its head. we know that in other parts of the world privatization of hig
should do in the northeast so that those airports today could really be used for longer distance travel. and that we use those that made the most sense which was rail in those corridors. that would garner us our expectation is pretty close to $5 billion in revenue a year, with about a billion plus or minus coming out of that in terms of profit. >> so you cannot do a direct correlation between california's high-speed rail and northeast corridor? they are two completely -- >> not here. excuse me. i don't know if your question is done. we can't, ma i can't draw that conclusion here because you don't have the right data sets. we may have some folks that have an analysis come and i can look at the and get you an answer back spent perfect. thank you. mr. hanna. >> thank you, chairman. hi, how are you. nice to have you here. advisory commission, you're in the process of developing several other reports analyzing the pressure that would be taken off, projected pressure off of airlines, off of roads and what that means to the northeast will that report be done and what we we be able to get out o
of us who had the privilege to serve with you. i hope and i pray that god will give you and your wife many, many more years of life and enjoyment because you have certainly earned it, because you have served not only the united states house of representatives, but you have served us, you have served the people of our districts as well as helping us be better members of congress. so with that i will close by asking god to please bless you and your family and may god continue to bless the house of representatives and jay pearson, you will be in our hearts until the day we die. god bless you. . mr. woodall: at this time, it's migrate pleasure to yield the gentleman from california, chairman of the ways and means health subcommittee, mr. herger. mr. herger: i thank my good friend. how wonderful it is to be able to sit here and listen to all these incredibly warm remarks from people who, like myself, know and love jay pearson. and there's a reason for that. jay, you're one of the best of the best. and i think, it's hard to believe that 26 years comes and goes so very, very quickly, but it
massachusetts. mr. markey: and if barney frank was down here, none of us would have -- none of this would have happened in terms of the understanding of the parliamentary procedure. he was up there trying to grab an managenary microphone. . john oliver has been for us -- olver, has been for us an invaluable colleague. he taught so much to us. when he sat down with us talking about transportation, he explained our own districts to us as far as what was possible. on climate change, i talked to him for about 20 years. he was on this issue in the early 1990's and probably understood it probably even before that. he is that smart. he is that visionary in terms of the issues are essential not just to massachusetts, but to our planet. and it has been migrate honor to have served with you, john and to have called you my friend and colleague overall of these years and we thank you so much for what you have done for us and for the country and thank you. and with that -- the speaker pro tempore: the gentleman's time has expired. under the speaker's announced policy of january 5, 2011, the gentleman from
against the u.s. skimping on care. host: this from sasha -- guest: that is one proposal that gets floated by democrats. medicare part d bargains for drugs. i do not know -- i do not think it would be a cure all, the one proposal that would fix everything. democrats think it would reduce the cost of medicare. host: is there a plan b? guest: we have seen them as the january 1 deadline before and get 30-day extensions. at some point they were working without an extension. medicare told doctors to hold off on submitting your claims for a little bit. that is a situation we have ended up in before. if we're talking months, we're talking about big pay cuts for medicare doctors. that would be uncharted territory. host: joe from arizona on the republican line. caller: good morning. if we look at it logically, sarah is on the right track. we have become a society with honesty as a technicality. you can get more money but you break the law. our society -- you need to stop your people on the show, politicians and say, i asked you a question and you didn't answer it. this is why the doctors in medicar
. in fact, it's sitting on the lows of the session at 13,135. danny hughes is with us from divine capital and mark spellman from value line funds and joe greco on the flor with meridian equity partners and our rick santelli is standing by in chicago. rearranged priorities on this, and the market really reflects that. >> absolutely does, bill. a hard day to trade when you're so focused on the tragedy that's unfolding in front of us, and as the mother of a kindergartner and a pre-school child my heart goes out to these families. it's a real terrible thing. >> we do have business to conduct though in washington. >> we do. >> and when we last left that story it appeared there was very little progress made. how do you invest in that kind of an environment? >> even less is happening frankly, so, you know what, we have to do is still keep our eye on the ball and have to believe that at some point something will further itself, whether it happens whether we go over the cliff or before that. reinvest in companies that are dividend payers, that have an efficiency paradigm so whether they are invest
's not on that face. >> i've been on that bus. >> they are just as good as gold. >> as all of us in this country were starting to see people coming out and talking about their experiences, this phenomenon, that so many of us had experienced in one way or another, and had no words for. other than adolescence, other than growing up. we finally -- people were starting to stand back and say, hold on. this isn't actually a normal part of growing up. this isn't a normal rite of passage. i think there was a moment where there was a possibility for change. and director lee hirsch and i decided to start the film out of that feeling that voices were kind of bubbling up. coming up to the surface to say this isn't something that we can accept anymore. a normal part of our culture. >> film maker cynthia loewen has followed up her award winning film by gathering essays and personal stories in "bully." hear more tonight at 10:00 on "after words" on c-span2 and more book tv online, and like us on facebook. next chiefs of staff to the governors of virginia, colorado, and oklahoma talk about the fiscal issues of their
used to use to prevent fires. churchill used it first in private. >> you know why? >> it was a favor for truman. that is where truman was from. >> let's get a slice of that speech. >> an iron curtain has descended across the continent. behind that line, like all the capitals of the ancient states of central and eastern europe -- berlin, prague, vienna, budapest, belgrade, bucharest. all of these famous cities and the population around them lying in rubble -- lie under the soviet sphere. >> why did you want to talk about this? >> i was inspired in my first book, and while this is in no way a sequel it represents thoughts i had. one thing i got interested in is the question why no people went along with it. what is the mentality? what are institutional pressures? why do camp guard do what they are told to do? i decided to write about this period right after world war ii, because it was a time the soviet union had reached a height, there was an apotheosis of stalinism. it was reinforced by the experience of the war. by 1945, it was a fully developed system with an economic theory and a
with us. >> thank you for having me. >> that does it for us today. join us tomorrow. right now it's time for "squawk on the street." >> good tuesday morning. i'm carl with melissa lee, david faber, live from the new york stock exchange. jim cramer is on assignment today. well, are we getting close to a fiscal cliff deal or not. futures are up and the dow gained 100 yesterday. but there is room for skepticism. europe's grappling with the same question helped by some decent uk inflation data today. and a t-bill auction in spain. our road map begins with what appear to be significant progress in the debt negotiations overnight. a whose proposal looking to raise rates for those making more than $400,000 a year. but senator corker on squawk just poured a bucket of ice water on those hopes. >> whitney boosts her recommendations on citi, bank of america and discover financial. is that move by one of the more famous financial bears, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperf
doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be signaling differences. we have karen b and sara fagan herself a former political director. i know what it means. no tax rates above $1 million. no tax hikes but why did bay nor decide to do that. what signal is he sending? >> i think what he is telling the president is look, i appreciate you coming around on this, i appreciate you giving, it is not enough. and i'm going to go to the floor and show you, that $400,000 is not a deal republicans are going to accept. the other thing that occurs that, is it is important for hi
up an expert telling us why these exchanges could spell trouble for doctors, hospitals and insurance companies. liz: but what drove the market in the data download? stocks erasing weekly gains with all three major indices ending the week lower with the s&p snapping a three week winning streak. consumer discretionary and utilities for the week's worst performing sectors. the euro surged to its highest level in seven months at the dollar dropped for the fifth day in a row versus the euro to go up another penny to $1.31 is pretty significant, language for the dollar 30, see you hitting the intraday high, u.s. consumer prices dropping for the first time in six months in november following 0.3%. the decline was driven by 7% plunge in the government's gasoline price. dave: a lot to talk about and we will get those details. dan is in the pits of the cme. jason fried telling us why european equities might be the best place to be. and brian is going to tell you how to play these markets if we go over the fiscal cliff. let's start with dan. i want to start with apple. what to you hear from fol
.irs.gov. host: nina olson, welcome back to c-span and thank you for being with us. host: we want to welcome sarah kliff, a health care reporter with "the washington post." as we continue our series, we want to take a look at different aspects of what we can expect as we face the january 1 deadline. we want to talk about the said likely the doc fix. many people say you have to understand the doc fix. guest: it is something we have had since about a decade ago. back in 1997, congress set a formula for how to pay doc fares. it worked for about five years until the cost of health care started growing. what we have seen every year is congress passed a temporary pay patch to make up the difference. every year, we get to the end of the year and there is this impending gap. right now if we do not pass it, medicare salaries will go down by 25%. everyone thinks the doc fix is not a good idea and we should fix it permanently. it is something that we face every year. host: if nothing happens next year, the cost is estimated to be $25 billion. over two years, $41 billion. guest: it is expensive and we a
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
overblown? president obama says he will use whatever power he has to prevent another massacre like the one in newtown, connecticut. what can be done, if politics is the art of the possible? where does the possible reside in america? we talk solutions today on "power lunch." my partner, sue herera, sue? >> let's look at where major averages sit right now. just a second ago, we were up 80 point on the dow. we are close to the highs of this session so far. nasdaq composite is up 29 on the trading session and s&p 45u7b is up 13. it is that optimism over the fiscal cliff which increased over the weekend after house speaker boehner edged ever closer to president obama's position. indeed, the speaker met with the president at the white house this morning. eamon javers is at the white house. eamon? >> previous meetings between the president and speaker had been telegraphed a little bit. this one was not today. this is an interesting development but a grim-faced speaker bainer who arrived back up on capitol hill not talking to reporters. we don't yet have a sense of what was in the meeting, what th
, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>
, that will go up to 4.7 trillion. whatever happens to this deal will not do anything to get us closer to balance the budget or cutting spending. there are no politics organize around it. democrats think we can borrow money at these rates forever and there is no worry about that, and they will be right until the moment they are wrong and if they are wrong, this countries in a world of trouble. melissa: we're looking at raising taxes on the wealthy, still at the same time that is the issue at the forefront it seems it has to be settled first to get any further. do you think they will settle in the middle on families that make more than 400,000, a lot of people think that will be the point in the middle that we end it, what do you think? >> both sides right now according to today and yesterday are circling around each other at pretty close levels, it looks like we're heading towards an agreement. i think it will be somewhere there. republicans will have to take a real take on increasing taxes on the wealthy because perversely because they held the line on taxes for only so long instead of talking a
. host: sarah kliff covers health care for "the washington post." thank you for joining us. we take a look at america by the numbers and what america looks like by the year 2016. jennifer ortman and william frey here to talk about america by the numbers. we are back in a moment. >> president obama in the reaction to the connecticut shootings. later, the impacts of the so- called fiscal cliff on tax filings. >> president obama on the school shooting in connecticut. he said the time is not to take meaningful action. he was notified by homeland security advisor john brennan. he ordered flags lowered to half staff. this is about 5 minutes. >> i spoke with governor malloy and fbi director muller. i offered governor malloy my condolences on behalf of the nation and made it clear he will have every resource he needs to investigate this crime, care for theirctimw and families. we have endured too many of these tragedies. each time i learned the news, i react not as a president but as anybody else would, as a parent. that was true today. there is not a parent in america who does not feel the
states senate at this time. all of the victim's families heartfelt feelings from us tonight. that's it for the 5. thank you. see you here tomorrow. >> this is a fox news alert. the longest serving senator in u.s. history has died. united states democratic senator daniel inouye world war ii veteran medal of honor recipient died from respiratory complications at 5:00 this afternoon. today at walter reed national military medical center. senate majority leader called inouye one of the grates of the chamber. mitch mcconnell said he had every reason to bring attention to himself but quote never did. we will have more on the life of the senator later in the show. the sandy hook elementary school massacre that left 20 children and 6 adults dead began burying the littlest victims as funerals were held for two 6-year-old boys including one whose twin sister survived that rampage. connecticut stit police lieutenant sadie tails were quote too difficult to discuss fktd they could hold the school and the home of adam lanza accountable. they pledge to seek change as he slowly recited the firs n
among latino catholics. the u.s. catholic bishops waged an active campaign against the obama administration's decision to require employers, including many faith-based employers, to provide free coverage of contraceptive services. the bishops said that would be a violation of religio freedom. the administration tried to offer a compromise, but the bishops, joined by many evangelical groups, said the compromise didn't go far enough. several religious institutions filed legal challenges to the policy. this summer, the bishops organized what they called a "fortnight for freedom" to highlight their concerns. faith-based groups continued to be divided over economic issues. conservative activists supported massive cuts to the federal budget, arguing that it's immoral to leave debt to future generations. but broad-based interfaith coalition argued that it was immoral to make cuts that would hurt the poor. to underscore that point, a group of catholic sisters organized a project called "nuns on the bus," where they crisscrossed the country speaking out against the federal budget prop
. >> that is it for us here at "money in motion." your next chance for a trade sunday afternoon. cnbc. have a great weekend. >>> i'm jim cramer, and welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere and i -- >> "mad money." you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to help you save some money. my job is not just to entertain you but i'm trying to educate and teach you. call me. 1-800-743-cnbc. you want to get a sense of just how important this -- i hate to even say it anymore -- fiscal cliff is? today we got an incredible employment report from the labor department. with 146,000 new jobs. i was looking for 90,000. the unemployment rate dropping to 7.7. i thought it might be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the poten
's a -- how many times can you tell us that monster drinks aren't any worse and may actually be better than a cup of joe from starbucks? let us count the ways that this analyst meeting slash lovefest, they will tell you that there's no better way to preserve your heart than to drink a taste of monster every morning. now, analysts will be plenty hopped up when they come out of this meeting because they'll be recommending this stock in high-speed fashion. next on wednesday we're going to get the results from joy global. here's the company that has the best read on chinese growth of all the companies i follow. in fact, joy global called the bottom in the slide over there by analyzing data on chinese electricity use. can't be jiggered. people think this is an original equipment business, but i've got to tell you once again we're going to hear from the straight-shooting ceo michael sutherland that maintenance is more important. maintaining it is the equivalent. i'm going to listen to what he says about india. we don't talk about india enough. they are like coal junkies over there. it's like get
us back to your house. make sure to tune in washington, good night. merry christmas. >> they were responding to a fire when somebody started shooting at them. >> upon arrival of the first two engine company and some firefighters in their personal vehicles, they underwent gunfire from the location unknown. >> tonight, firefighters gunned down in the street and why police say it looks like this was a trap. mexican police locked up this former marine over the summer on gun charges. now he has made it home just in time for christmas. >> while i was sleeping johnny got up in the morning and walked to the beach and watched the sun come up. >> jamie: tonight, the reunion that's been months in the making. and christmas at the vatican. >> jamie: we will take to you rome, to bethlehem and to afghanistan for a look at how folks are celebrating. ♪ heaven and nature sing. >> jamie: i'm jamie colby in tonight for shepard smith. we begin tonight with the apparent ambush that has literally stunned a small town in upstate new york this christmas eve. volunteer firefighters had just arrived at th
's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes,
. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stak
, december 16, 2012. the flag over the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. or join the conversation on facebook by looking for c-span and weighing in. you can also e mail us, journal@c-span.org. here is the first page -- front page of "the hartford current" this morning. "day of grieving." the top headline, along with a list of the victims. the employees, all women. the children, all around the age of 67. this is "the sunday bulletin." "residents gather to find comfort and pray." national newspapers also digging into this story. "the new york times" says that the peopl
the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >>> hi, everybody. happy monday to you. welcome to the "closing bell." i'm maria bartiromo. >> i'm bill griffith. who'd have thunk it? stocks gaining today on a proposal about a tax increase. markets in the green kicking off the week with hopes speaker john boehner is floating higher tax on people with incomes over $1 million. we're wondering if this will be a beginning of a kick start for a deal finally. >> certainly feels like the market feels that way. compares to the $250,000 threshold which originally the president had been sticking to. take a look. even though it is off of the best levels which happened at about 1:00 p.m. eastern today. on the s&p still higher by 11 points. >> the markets watching washington and shuttling back and forth between the white house and the capitol. eamon javers has the latest. >> it looks like at this point the senate is going to have to come back on december 26th to take up among other pieces of legislation the fiscal cliff so
from almost every bank. we were in a 1932 situation. >> because of everything else around us. we were focused on congress' ineptitude at that time. and we got more scared by their unwillingness to pass the t.a.r.p. >> i have tremendous faith in our economy. we had great numbers yesterday. we had a good head of steam in housing and durable goods. >> better than expected at least. >> i think you could cool the economy a little bit. but unlike 2008, where i was worried that my paycheck wouldn't cash and my bank would fail, unlike the debt ceiling -- >> i know that. i'm saying it is a very, very different time now, no doubt about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i
more on where you see us going? >> very briefly, i think that we are in a state of sustained bewilderment. because, let's face it. in the 1930's, the new deal, despite some early successes failed by 1936 or 37. 1938, we have the second great depression. it was only the war that managed to do the recycling the new deal failed to accomplish, due to fdr's backtracking. now we have a world economy which conceivably, that technically finds its way forward to plug the gaps and black holes. 20the g-20 easily agreed to a plan that is very much like that which john maynard keynes proposed in 1944. but it is unlikely they will. it is a comedy of errors. the european leaders are competing to produce a plan that is more idiotic. they are so entrenched. they are so parochial. they are beyond squabbles. they have a horizon of 8 months to the next federal election in germany, for instance. greece therefore is the sick person europe. of the world. meanwhile, the united states of america is ungovernable. you have a system in this country that was created to create this country as an ungoverna
money." i'm jim cramer. see you tomorrow! hey, larry, what do you have for us? connecticut, where the first of the victims from the tragedy here were laid to rest today. this grieving town begins the process of saying good-bye, investigators continue their search for how and why it all happened here. i'll have more coming up. devastation of superstorm sandy, but wait until you hear about all the pork loaded into this $60 billion sandy relief bill. hardly any of it gets to sandy and the actual survivors. we'll get to all that. "the kudlow report" begins right now. >>> first up, 14 days and the clock is still running for a deal to prevent the nation's economy from falling off the tax and fiscal cliff. president obama, speaker boehner, they huddled at the white house today once again, but are we really any closer to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings between the two men have
, but the regime surrounded it completely cutting us off from the world, nothing was allowed in and out. even water and bread was cut off. today we obtained dough. >> reporter: they were able to open a bakery around 1:00 p.m., and the rockets struck just hours later. as nearby hospitals quickly filled up, activists began pleading for help. >> we are joined by the reporter from beirut. this looks crazy. it looks crazy to me. do we know who is responsible for this? >> reporter: suzanne, it is absolutely horrific, and just so many grizzly details started to emerge in the hours after the attack. now, the residents in that town that we spoke with said that they believed they were targeted because that town had been liberated by the free syrian army because there's a lot of anti-regime sentiment there. they believe they were targeted deliberately by the syrian regime. syria's government, however, today posted a statement on their syrian news agency website in which they blamed this on the actions of terrorists. that's the terminology they use for rebel fighters, opposition fighters in syria. they say tha
general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than 1 million people out of work. if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is producing more oil than any time in the last 17 years and producing enough t
several rounds of tear gas and used water cannons to break up the protests. scores of people were injured on both sides. some were critically wounded. they were angry after the her with a gang rape last week, when a young woman was attacked so broadly, she is fighting for life. it goes beyond this one incident. people want a strong action from -- from thent's government. until then, they are prepared to keep the heat on. >> a delay until tuesday. the constitution in egypt was supposed to be passed, but now, the electoral commission says they will be looking at allegations of irregularities in the voting process. we were sent this report from cairo. >> egypt, on the brink of a new era. for weeks now, this country has been gripped by political turmoil. there is a lot at stake. egyptians have been waiting on a new constitution, and an early tally says more than 60% voted yes, but the result is not official yet. the guests of voters cannot get a victory for morsi and his supporters, and they say it will help egypt get back on track. >> there was not any blood spilled. the egyptian should be h
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